We are excited to announce our follow-on investment in our portfolio company Chrono24, which has raised €100m+ in Series C funding in a round led by new investors General Atlantic and Aglaé Ventures (the technology arm of the Arnault family’s investment company).
Founded in 2003, Chrono24 pioneered and digitized the historically offline luxury watch industry and was one of the first companies of scale to connect watch dealers and collectors around the globe through its digital marketplace.
The company now counts an average of 500,000 unique visitors per day. With more than 3,000 retail dealers and 30,000 private sellers across more than 100 countries worldwide, Chrono24 lists approximately half a million luxury watches for sale at any given time as well as a virtual watch collection uploaded by users with a market value above €15bn.
Sprints is excited to continue backing the company, which it has done since May 2019, as it deepens its presence in existing and new markets and continues to innovate its service offering to both consumers and dealers.
